
Los Feliz, California 90027
This Craftsman Duplex represents a Strong Value Opportunity, listed at $1,490,000—positioned well below the $1,561,000 Fair Market Value by 4%. This valuation gap offers $71,000 in Instant Equity. Featuring a Condition Rating of 3, the property includes modern HVAC and updated kitchens, while the 6,762 sqft lot provides significant ADU potential. Located in a highly walkable neighborhood near top-rated schools like Ivanhoe Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-generating asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4636 Russell Avenue Subject | $1,490,000* List Price | 0 | 0 | 2,368 | $659 | - |
A 4541 Russell Avenue Active | $1,750,000 List Price | 5 | 3 | 2,592 | $675 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1907, the property has been modernized with central air and heat and an updated kitchen featuring tile countertops. The exterior appears well-maintained, and the inclusion of modern HVAC systems and functional updates suggests a renovation within the 5-15 year range, making it move-in ready.
Elementary School: Ivanhoe Elementary School (9/10).
Situated in one of Los Angeles' most walkable and trendy neighborhoods, this property offers immediate access to premier dining, cafes, and entertainment, ensuring high tenant demand and strong long-term appreciation.
The generous 6,762 sqft lot combined with an accessible raised foundation provides a significant opportunity for future ADU development or additional storage, offering a clear path to increased equity and rental yield.
Given the 1907 construction date, the property may require ongoing maintenance or capital expenditures for aging systems and structural elements typical of historic Craftsman homes.
While the elementary and high schools are highly rated, the assigned middle school (Joseph Le Conte) has a significantly lower rating (3/10), which may be a deterrent for families seeking a consistent top-tier educational path.
Charming Craftsman Duplex in the Heart of Los Feliz Village! This wonderful duplex offers a unique opportunity in one of Los Angeles' most desirable and walkable neighborhoods, conveniently close to local dinings, shops, cafes, and Hollywood entertainment. The front residence welcomes you with a lovely front porch. Upon entry a spacious living room filled with natural light. A family room / dining room is easily converted to a third bedroom. A laundry room at the end of hallway. The updated kitchen features tile countertops and plenty of cabinetry. Rear unit also offers a bright and inviting living room with an open kitchen and dining area. This unit also has its own laundry set up. Both units features central air and heat for year round comfort. The property offers plenty parking spaces in both front and back yard. The accessible raised foundation provides substantial storage space and additional potential for future ADU. With its classic Craftsman character, great floor plan, ample parking and exceptional location, this duplex is a wonderful opportunity for an owner-user or investor looking to be close to the best of Los Angeles.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.3 mi
Grades K-2 • 0.8 mi
No sensitive facilities data found.
Aug 28, 2026
$1,490,000
Initial Listing
Oct 20, 2022
$1,370,000
Public Record